security

Five Eyes international action against collusion in trade.

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They are going to have trouble : is it "cartel," "monopoly," "anti-trust"....?

The UK, USA, New Zealand, Canada and Australia are forming a working group to identify and act against illegal conduct in international supply chains.

And the US will get to use its terminology because, on the face of it, it gets two votes.

CoNet Section:

Anti-Competitive Practices

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Australian regulator warns of massive near doubling of home computer intrusions so far this year

"So far this year scammers have stolen more than AUD7.2 million from Australians by gaining access to home computers, an increase of 184 per cent compared to the same period last year." So says the Australian Competition and Consumer Commission.

Contrary to the common "phishing e-mail" approach, many instances start with a phone call. And just to make it worse, they are targeting phones: you know, those things that contain your financial apps and are used as "tokens" or for SMS confirmations by your bank.

CoNet Section:

IT & Communications

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Identification: airline employee guilty of faking employment credentials

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You know that thing about airport security, where no one gets on a flight if they aren't who they say they are? And you know that the USA is so obsessed with airport security under its "war on terror" thing that all flights are locked down tighter than a tight thing?

It's not true and this document fraud shows how lax security really is in the US aviation industry. Remember this the next time some one questions a detail on your ticket at check-in. It's the old thing - the bigger the lie, the less people are likely to spot it.

FCRO Subsection:

Financial Crime News

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LinkedIn security scare

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"We discovered that our data source was modified by an unauthorized agent" says the e-mail that purports to be from LinkedIn. But it isn't. And there's even a little hint at the end to prove it.

IMPORTANT UPDATE

CoNet Section:

IT & Communications

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Why Hong Kong's protesters must stop now.

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What were once peaceful demonstrations against a Hong Kong Bill that would, incidentally to its main purpose, have facilitated extradition to China for a wide range of offences, have become expensive, disruptive and divisive. Every day seems like a new turning point where protesters increase the lengths they are willing to go to, often seemingly with the specific intent of provoking a reaction from the police which the protesters then claim was unduly harsh. And the UN and the USA aren't helping.

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Hacker jailed for insider trading

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It's the stuff that, if it's a TV or film plot, makes one want to shake one's head and wish that fiction writers would make things a little less far fetched; one feels that belief cannot be suspended when the concept is, well, so unbelievable. Prepare to shake your head again - this time asking why you thought it was so improbable because something that you would not believe is already old hat and the first conviction has just been recorded.

BIScom Subsection:

Crowdfunding

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Aussie regulator makes inadequate response to premature release of market sensitive information

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Following the release of market sensitive information last week (see Embarrassment for regulator with premature release of market sensitive information) there's an apology, of sorts. Is it fair dinkum or a feeble excuse?

CoNet Section:

IT & Communications

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Let's make all logins use an OTP

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Editorial Staff

Wed, 21/11/2018 - 03:52

Publication:

conversazioni-fittizie.com

This conversation did not happen but it's easy to see how it might have done... An On Line shopping service brings in an IT Security Consultant.

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Internet Security: the best laid plans...

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When internet security is talked about, it's usually either that someone is trying to sell you something, or something has gone wrong in the biggest possible way.

But it's all OK for your bank, etc. isn't it. After all, you trust your systems to Amazon's AWS cloud service and if anyone's got internet security taped, it's going to be Amazon.

Right?

Wrong......

BIScom Subsection:

Management

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What is "Spear Phishing" ?

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Today, the US cyber security office, US-CERT has issued a renewed warning about HIDDEN COBRA which it describes as a "spear phishing" virus.

What does that mean?

CoNet Section:

IT & Communications

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FBI Circular - risk of "The Internet of Things"

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Common Internet of Things Devices May Expose Consumers to Cyber Exploitation
17 October, 2017
Source: https://www.ic3.gov/media/2017...
Full content below (verbatim)

CoNet Section:

IT & Communications

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Purported list broker issues names and contact information of money laundering, etc. risk management staff

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A purported mailing list broker is marketing a list of users of money laundering, etc. risk management software. There are clear security implications for officers in sensitive functions, if the list is what it claims to be and money laundering risk officers, etc. should therefore be aware that information relating to them and their employers and suppliers is being indiscriminately touted for sale.

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Kaspersky warns that your mobile is at risk because it hacks wifi routers.

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This is a bit weird: criminals have created an Android virus that resides in users' phones and hacks into wifi network routers, then it does devious and harmful things.

CoNet Section:

IT & Communications

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Facebook gets WhatsApp data despite clear assurances

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While the average article focusses on the announcement of WhatsApp's about-face regarding the implementation of advertising, its founders having repeatedly assured user that the messaging platform would never carry advertising, the bigger issue is this: Facebook, which bought WhatsApp and authorised those assurances, and guaranteed users privacy, is about to plunder WhatsApp user data and to make it available to third parties. USers have a stark choice: try to sort out a complex opt out (that depends on whether Facebook can be trusted and history repeatedly demonstrates otherwise), to accept the total loss of privacy in messaging or to leave WhatsApp entirely.

CoNet Section:

Corporate Management

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Purely Belter: the hijack of EgyptAir flight MS181

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Perhaps the most telling statement relating to yesterday's hijacking of a EgyptAir flight from Egypt to Cairo came from Egypt's Foreign Ministry, as quoted by the BBC: "He is not a terrorist he's an idiot. Terrorists are crazy but they are not stupid. This guy is."

Yet, for all his stupidity, his actions raise some serious questions.

CoNet Section:

Security and Society

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